Millionaire TradersI knew that I was consistently grinding out some profits week after
week and trading with a system that might not have been perfect,
but certainly produced gains on a regular basis.
Q: So the way you essentially back tested is to go back into the
price charts and look for examples of what you thought was going
to happen, right?
A: Yes.
Q: You didn’t use some sort of programming language to me-
chanically back test?
A: Right. That’s the other part about it. At a number of levels
I was really too uneducated or stupid to know at the time that
you could even program anything like that. I wasn’t even aware
that there was some type of programming language or charting
platform that would allow me to back test that stuff automatically
or mechanically. And now I’m happy I didn’t have any of those
tools because I gained a lot by watching the charts and not doing
it in such a mechanical way. I became familiar with the way that
price moved on the chart for the British pound/U.S. dollar. I got
familiar with the U.S. dollar/Japanese yen. I became accustomed
to looking at the price move up and down in regular, repeatable
patterns. I seared into my memory the trends, the ranges, and just
a few currency pairs became familiar like friends.
Q: Do you think that’s still the way you primarily back test at the
moment, because we’re sure there are a lot of new traders who find
things like Easy Language very, very daunting in the beginning.
A: I say this to everyone now and I’ve been saying it most recently
in the following terms. I have a career as a back tester. Then, on